Key Takeaways:
- A mysterious buyer accumulated 221,166 ETH (nearly $1B) in a week, using six wallets funded via Galaxy Digital, FalconX and BitGo.
- Ethereum’s market cap hit $523B, surpassing Mastercard after a 21% rally pushed ETH above $4,000.
- Public companies added 304,000+ ETH ($1.3B) to treasuries in a week, with analysts split on predictions of ETH reaching $20K.
An unidentified institution has accumulated nearly $1 billion in Ether (ETH) over the past week, purchasing 221,166 ETH amid a 21% price rally.
In the last 24 hours alone, it acquired $212 million worth, using six wallets funded via Galaxy Digital, FalconX, and BitGo.
This mysterious institution accumulated another 49,533 $ETH($212M) today.
— Lookonchain (@lookonchain) August 11, 2025
Over the past week, they have accumulated 221,166 $ETH($946.6M) from #FalconX, #GalaxyDigital, and #BitGo.https://t.co/k99BomKVq5 pic.twitter.com/u3j2LJ9M1H
The largest wallet holds $181 million in ETH, while the smallest contains $128 million.
This buying spree coincides with a surge in large Ether holders, with addresses holding over 10,000 ETH reaching their highest level in a year.
Ethereum’s market capitalization climbed to $523 billion, surpassing Mastercard’s $519 billion, as ETH traded at $4,332.
Publicly traded companies also boosted holdings by over 304,000 ETH ($1.3 billion) last week, led by BitMine Immersion Technologies’ $900 million purchase and SharpLink Gaming’s $303 million buy.
Market analysts such as Nilesh Verma and Merlijn The Trader predict ETH could hit $20,000 within months, citing historical trends.
However, co-founder Vitalik Buterin warned against excessive leverage in treasury holdings, noting it could create market instability despite supporting institutional accumulation.
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